For years, billionaire Tom Steyer has been one of President Donald Trump’s most ardent critics, injecting millions into his NextGen Climate and Need to Impeach initiatives. But despite the current field of Democratic presidential candidates being the furthest left in US history, Steyer believed that they were not woke enough and decided to enter the presidential race. Out of left field he nearly, but not quite, qualified for the third Democratic debate.
A lifelong Democrat, Steyer made his fortune as a hedge fund manager. In 1983, he worked for Walter Mondale’s presidential campaign and was an ardent supporter of and fundraiser for President Barack Obama.
Much of his philanthropy places him firmly in the center-left liberal tradition, but his interests have moved progressively left with the rest of the Democratic Party. In 2013, he founded NextGen Climate, whose mandate is to influence young people to vote for radical green parties and candidates. Thus he has not only swallowed climate catastrophism hook, line, and sinker, but also framed it entirely in politically activist terms. His activism stands in contrast to, for instance, that of Bill Gates, who has invested in realistic technologies that can reduce CO2 emissions.
Upon the election of President Trump, Steyer contracted one of America’s most severe cases of Trump Derangement Syndrome, and the president has characterized him as “wacky and totally unhinged.” Steyer accused the president of bringing America to the brink of nuclear war with North Korea; after Trump met with Russia’s leader, Steyer accused the Commander-in-Chief of treason and said that “the entire world has seen that Vladimir Putin has full control over Donald Trump.” He added that “Trump must be impeached to preserve the fabric of our democracy and the safety of our republic.”
After the Russia collusion hoax fell apart, Steyer demanded that the president be impeached for “obstruction of justice.”
Bid for President
In 2019, the Democratic Party offered the most radically far-left bouquet of progressive candidates to ever run for office in the US, but Steyer was not impressed. By his estimation, they are too moderate and not doing enough to impeach Trump and save the climate.
After the second debate, he suddenly decided to enter the race and spent $12 million to garner the support of at least 2% of Democrats and get 130,000 individual donations so that he could participate in the third Democratic debate. His plan appears to have failed.
Few people are saying it out loud, but the field of Democratic candidates is already too far left for the ordinary Democrat. Only 8% of the American population identifies as progressive, and Steyer’s intended audience has shown little enthusiasm for a person with the wrong skin color and sex.
This would be an excellent time for the Democratic Party and its presidential hopefuls to indulge in self-scrutiny and reflection. However, those deeply ingrained in their narrative of Trump as a corrupt and dangerous traitor show no signs of learning from their misapprehensions. So a curtain comes down on another struggling campaign.